$940,000

298 48th St, Miami, FL 33127

Bedrooms
4
Baths
2
Living area
2,363 ft²
Price per ft²
$398 / ft²
Type
Single-Family Home
Year built
1947
On market
4 days on market
MLS #
A12084624

Bring your vision and your best offer! Situated on a desirable corner lot, this spacious property offers an abundance of room and exciting potential for renovation, customization, and future growth. The home requires updating and is being offered to buyers who recognize the value of location, space, and possibility. Conveniently positioned near the Wynwood area with access to major highways, Miami International Airport, South Beach, Coral Gables, shopping, dining, and entertainment. This is your chance to reimagine a property in an evolving Miami location. Photos have been virtually staged and digitally enhanced for marketing purposes. Actual property condition may vary.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $398. The median for recorded sales in the same ZIP codes is $902/ft² — putting it 56% below the median.
  • Position in the area’s price distributionThe asking price is $940,000; the median of recorded sales in the area is $1,200,000 (938 sales). On raw price that is 22% below the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33127, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$282,000
Term

6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.

Estimated monthly payment$4,272
Loan amount
$658,000
Total interest over the term
$879,974
Total repaid
$1,537,974

Foreign buyers are typically asked for 30–40% down, at rates 1–2 points above what US citizens pay. The rate above is the US-citizen product — enter your own rate if you know your terms.

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Align Right Realty K1 Group

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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